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EURNZD on major support, prepare for a bounce

FX:EURNZD   Fx Euro/Dolar New Zealand
EURNZD             is in major fractal support, strong possibility of a bounce occurring.

Buy above 1.6818. Stop loss at 1.6716. Take profit at 1.7094.
Reason for the trading strategy (technically):
Price is testing and has bounced off major support at 1.6818 ( Fibonacci retracement , horizontal swiung low support, ascending support, bullish harmonic formation ) and a strong bounce could occur at this level to push price all the way up to 1.7094 resistance ( Fibonacci extension , horizontal swing high resistance). We do have to be wary of our intermediate resistance at 1.6973 ( Fibonacci retracement , horizontal pullback resistance).
Stochastic (89,5,3) is seeing strong support above 1.1% where a corresponding bounce could occur.
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Good trade there, Im long as well
Balas
its 4hr or 1day?
Balas
please tell me timeframe of above strategy of GBPUSD? anyone
Balas
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